The founder of FTX is accused of bilking customers and investors out of billions of dollars in the 2022 collapse of his cryptocurrency empire.
In stark contrast to some of his competitors, Bankman-Fried had sought to legitimize the cryptocurrency industry — and encourage a new wave of institutional investment — by asking Washington for regulation. He advanced his lobbying effort by coordinating more than $100 million in political contributions to members of both parties, prosecutors allege.
In a joint statement, Sean Hecker, counsel for Bankman, and Michael Tremonte, counsel for Fried, said the those claims were “completely false.”with the fact that a once-ascendant crypto billionaire was Even in jail, Bankman-Fried is still finding a way to defend himself. Last month, the Times reported on 15,000 words of unsent tweets he had shared with crypto influencer Tiffany Fong while he was under house arrest. In them, he blames others for FTX and Alameda’s implosions, alleging Ellison “avoided talking about risk management — dodging my suggestions — until it was too late.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Sam Bankman-Fried Crashed and Burned Ahead of His Criminal TrialThe disgraced FTX founder faces seven counts related to fraud, conspiracy to commit fraud and conspiracy to commit money laundering. Here’s what to know about next week’s trial
Read more »
Here’s How Sam Bankman-Fried’s High-Stakes Trial Could Play OutNik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection in the trial and how many years Sam Bankman-Fried may face if found guilty.
Read more »
The Star Witness at Sam Bankman-Fried’s Trial: His Top Deputy and Ex-GirlfriendCaroline Ellison’s testimony has the potential to be particularly personal and raw
Read more »
FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ SaysThe filings come just a few days before the trial is set to begin.
Read more »
Sam Bankman-Fried’s lawyer challenges US gov’t proposed jury questionsIn a recent court filing, the lawyer representing Sam Bankman-Fried has challenged the U.S. government’s proposed jury questions.
Read more »
What a Government Shutdown Would Mean for Sam Bankman-Fried’s Day in CourtCould far-right Republicans be doing the disgraced crypto king a favor?
Read more »